Which one of the below statements is incorrect in regards to this process?

A The IPSASB considers if there are any public sector issues within any given IFRS that warrants departure for the public sector

B The IPSASB can use an existing IFRS or IAS as the basis for developing an IPSAS

C The IPSASB considers financial reporting subject matters that are public sector specific and for which there is no underlying IFRS$/$IAS

D The majority of IPSASs are an exact copy of the underlying IFRSs or IASs